Veteran Investor Shifts Bitcoin (BTC) Price Forecast From $100K

Macro guru and veteran investor Dan Tapiero stated “the world shouldn’t be prepared” for a Bitcoin (BTC) Price forecast of $200,000 in 2024, after having lately predicted a $100,000 vary for the highest cryptocurrency within the subsequent bull run.

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BTC At $200K?

Dan Tapiero commented on the month-to-month report by Raoul Pal stating that the world shouldn’t be prepared for a state of affairs by which BTC value reaches $200,000 in 2024. Pal’s report projected a 20% 12 months on 12 months enhance in liquidity within the Bitcoin market, thereby foreseeing a goal of $218,000 in Could 2024. Tapiero said,

“A 200k Bitcoin in 2024 suggests a real and imminent change on the planet. Zero publicity will pose profession danger for conventional cash managers.”

Nevertheless, Raol Pal warned that the forecast seems to be “far too optimistic” in relation to projections on liquidity. But, he reiterated the general sentiment within the BTC market, stating that the prediction for $200,000 goal “must be directionally proper.” Earlier, CoinGape reported Tapiero’s prediction of a conservative $100,000 vary for the cryptocurrency within the subsequent bull run in 2025.

Fundamentals To Assist Bitcoin Bull Run

A majority of the crypto market is anticipating the onset of the bull run within the first few months of 2024 if and when the U.S. Securities and Alternate Fee (SEC) approves the spot Bitcoin ETF purposes filed by monetary giants like Blackrock and Constancy. The subsequent deadline for a call on this regard falls on January 10, 2024. As well as, the Bitcoin Halving occasion, which is traditionally identified for a value surge for BTC, is scheduled for the second quarter of 2024.

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